EIT RawMaterials supporting novel business ideas to boost the transition from Linear to Circular Societies.
The World Bank estimates the amount of municipal solid waste will increase from 1.3 to 2.2 billion tons per year by 2025, with most of this increase coming from cities in developing nations. According to the Ellen MacArthur Foundation, in the consumer goods sector alone, around 80 percent of the USD 3.2 trillion value is irrecoverably lost annually.
New business models that foster repairing, reuse and sharing, are an essential part of the circular economy, specifically in European cities, where on the one hand most of the material- and energy throughput occurs and on the other, innovative solutions can be rolled out best due to the inherent characteristics of the urban form (i.e. large availability of materials, high population density and urban consumption patterns).
The main objective of the Raw Materials and Circular Society Prize will be to support the implementation of new ideas for these business models.
Topics of interest
This call is specifically focused on ideas for new business models supporting the efficient implementation of the Circular Economy in Europe.
Ideas in the following themes are expected:
- Products and services designed to fit within a circular economy (so easy to maintain, share repair, upgrade, reuse or recycle, use of biomaterials, durability customisation) for the Automotive, Clean Energy and Electronics Sectors
- New tools/methodologies to support circular design for products and services
- Digital Products Passport to improve disassembly, material and component reuse, recycling and materials reporting, as well as innovative business models
Raw Materials and Circular Societies Prize Award
The support scheme will be as follows:
- Financial award of EUR 10 000 lump sum for the winner in the theme 'Products and services designed to fit within a circular economy for the Automotive, Clean Energy and Electronics Sectors'
- Financial award of EUR 10 000 lump sum for the winner in the theme 'New tools/methodologies to support circular design for products and services'
- Financial award of EUR 10 000 lump sum for the winner in the theme 'Digital Products Passport to improve disassembly, material and component reuse, recycling and materials reporting, as well as innovative business models'
Who can apply
The Raw Materials and Circular Societies Prize Call 2021 is open to any legal entity (including natural persons) or group of legal entities established in an EU Member State or in a country associated to Horizon Europe.
Typically, the following entities may apply:
- SMEs having innovation projects relevant to the challenge topics defined above
- Start-up or spin-off companies at least registered at the time of the application
- Natural persons or groups of natural persons resident in an EU Member State
More specific requirements can be found in the Rules of the Raw Materials and Circular Socieities Prize 2021.
- Deadline for submitting business ideas: 31 May 2021 at 23:59 (CET)
- Selection of ideas and notification of acceptance/rejection: July 2021
- Preparation for pitching contest: from August 2021 to 15 September 2021
- Pitching session and Award ceremony: October 2021